ForexVox
XM
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Overview
ForexVox was founded in 2019 and is headquartered in UK, while XM was established in 2009 and is based in Cyprus. ForexVox holds licences including Financial Conduct Authority (FCA) in the United Kingdom, while XM is regulated by International Financial Services Commission(IFSC) among others. ForexVox serves 10,000+ clients worldwide; XM has 3,500,000+. The minimum deposit is $0 at ForexVox and $5 at XM.
| Feature | ForexVox | XM |
|---|---|---|
| Min. Deposit | $0 | $5 |
| Regulation | Financial Conduct Authority (FCA) in the United Kingdom, FCA Register no: 586541, Financial Services Authority in Seychelles No: SD028 | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Founded | 2019 | 2009 |
| Country | UK | Cyprus |
| Clients | 10,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between ForexVox and XM, directly affecting your bottom line as a trader. ForexVox has a lower barrier to entry with a minimum deposit of $0 (vs $5 at XM). ForexVox charges withdrawal fees while XM does not, a notable advantage for frequent withdrawers. XM applies inactivity fees on dormant accounts; ForexVox does not. The two brokers are broadly comparable on fee structure.
| Feature | ForexVox | XM |
|---|---|---|
| Min. Deposit | $0 | $5 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
ForexVox offers MT4, MT5, while XM supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. XM edges ahead on platform breadth and functionality in our scoring.
| Feature | ForexVox | XM |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5 | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ForexVox and XM compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. XM integrates third-party research tools (Trading Central); ForexVox does not. XM maintains an archive of past webinars for on-demand viewing. ForexVox scores higher overall in education and research.
| Feature | ForexVox | XM |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ForexVox accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while XM supports 3 (bank transfer, credit/debit card, Neteller). ForexVox uniquely supports PayPal and Skrill among the two brokers. ForexVox scores higher on deposit and withdrawal flexibility.
| Feature | ForexVox | XM |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both ForexVox and XM offer live chat support. Both provide phone support. Email support is available at both brokers. ForexVox supports 4 languages and XM supports 20, giving XM broader global reach. Both brokers are comparable on support quality.
| Feature | ForexVox | XM |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Russian, Indonesian, Malaysian | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish |